“The Buzz” Show: Nio (NYSE: NIO) Surges Following JPMorgan Upgrade | Financial Buzz

“The Buzz” Show: Nio (NYSE: NIO) Surges Following JPMorgan Upgrade

FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “NIO Surges Following JPMorgan Upgrade”

NIO (NYSE: NIO) shares are up over 17% from previous close after the a JP Morgan analyst upgraded the company to overweight from neutral

Citing the accelerated growth of China’s “new energy vehicles” and Nio’s potential to control the premium portion of the the “smart electric vehicle” segment, analyst Nick Lai gave the Chinese electric-automaker a price target of $40, up from $14 alongside the upgraded rating.

United’s shared purpose is “Connecting People. Uniting the World.” The company is focused on its commitment to customers through a series of innovations and improvements designed to help build a great experience: Every customer. Every flight. Every day.

NIO Inc. is a pioneer in China’s premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise. NIO designs, jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence. Redefining the user experience, NIO provides users with comprehensive, convenient, and innovative charging solutions and other user-centric services. NIO began deliveries of the ES8, a 7-seater flagship premium electric SUV in China in June 2018, and its variant, the 6-seater ES8, in March 2019. NIO officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began the first deliveries of the ES6 in June 2019. NIO officially launched the EC6, a 5-seater premium electric coupe SUV, in December 2019 and plans to commence deliveries in 2020.

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